ICM Information

ICM is an offshore regulated broker, offering trading on forex, US stocks, precious metals, index futures, energy futures, cryptocurrencies CFDs with leverage up to 1:200 and spread from 0.0 pips on the MT4, MT5, and cTrader platforms. However, it does not provide services for residents of the USA, North Korea, and China .

Pros and Cons

Is ICM Legit?

ICM is licensed by FSA with license number SD201 to offer services. However, it is offshore regulated, which means potential risks may exist.

What Can I Trade on ICM?

ICM offers trading on forex, US stocks, precious metals, index futures, energy futures, and cryptocurrencies CFDs.

Account Type

The broker offers Islamic accounts and demo accounts.Besides, below are three live account types ICM offers.

Leverage

The broker offers maximum leverage at 1:200 for all account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.

ICM Fees

Spreads & Commissions

Only FX and Metal have commissions – No commission is charged for all other products.

Swap Rates

Different products have different swap rates.

Note: If you hold a position overnight on a Wednesday, the swap charges that are earned or paid on a daily basis are three times the normal amount. Swap charge on US stocks, Cash CFDs, Bitcoin and Turkish Lira will appear as “Admin Charge”.

Trading Platform

Deposit and Withdrawal

ICM accepts payments via credit, debit cards and bank transfers. It cannot be held accountable for any bank charges but bares all costs for clients who deposit via credit card.

Funds will be deposited in your trading account within 1 business day after the funds hit ICM Capitals account. Withdrawal requests are processed on your trading account within 24 working hours from the receipt of the request; however, the receipt of the actual funds may vary depending on the withdrawal method.

Bonus and Promotions

There are plenty of promoting activities available on ICM's platform. For now, refer to a friend and you'll get a $150 bonus.

TriumphFX Information

TriumphFX is a No Dealing Desk (NDD) broker that offers trading in Forex, Indices, and Commodities. It supports multiple flexible trading accounts with spreads as low as 0.5 pips and leverage of up to 500x.

Pros and Cons

Is TriumphFX Legit?

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	FCA	Shine Trades Limited (CY) Ltd	European Authorized Representative (EEA)	763697	Revoked
	VFSC	Triumph Int. Limited	Retail Forex LicenseStraight Through Processing (STP)	17901	Revoked
	CYSEC	Shine Trades Limited (CY) Ltd	Straight Through Processing (STP)	293/16	Suspicious Clone

What Can I Trade on TriumphFX?

TriumphFX offers various market instruments, including Forex, Commodities, and Indices.

Account Type

TriumphFX Fees

The spread of the VIP account is as low as 0.5 pips. Different accounts have varying commissions, ranging from $0 to $6.

Leverage

The maximum leverage is 1:500,meaning that profits and losses are magnified 500 times.

Trading Platform

TriumphFX supports trading via a mobile app, but does not provide third-party platforms such as MT4 and MT5.

Deposit and Withdrawal

Deposit

Deposits are supported via online bank transfers, Visa/MasterCard, Alipay, cryptocurrencies, or other methods. Deposits will be processed within 2-3 working days from the date the funds are sent from the bank account. For any deposit equal to or exceeding $500, TriumphFX will reimburse a maximum of $70 for intermediary bank fees.

Withdrawal

Withdrawal processing takes 2-5 working days, and all withdrawals are subject to intermediary bank fees ranging from $25 to $75 per transaction.